Take A Look At This Molecular Data Inc. (NASDAQ: MKD) Analysis Before Investing

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Molecular Data Inc. (NASDAQ:MKD) price closed higher on Friday, September 10, jumping 19.37% above its previous close.

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A look at the daily price movement shows that the last close reads $0.41, with intraday deals fluctuated between $0.423 and $0.5244. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.23 and 52-week low of $0.37. The stock subtracted -16.66% on its value in the past month.

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Molecular Data Inc., which has a market valuation of $56.87 million, is expected to release its quarterly earnings report Mar 25, 2020. Analysts tracking MKD have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MKD a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that MKD’s price is at present 8.68% off the SMA20 and -20.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.76, with weekly volatility standing at 13.99%. The indicator jumps to 11.74% when calculated based on the past 30 days. Molecular Data Inc. (NASDAQ:MKD)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.05.

An analysis of the Molecular Data Inc. (NASDAQ:MKD) stock in terms of its daily trading volume indicates that the 3-month average is 1.83 million. However, this figure increases on the past 10-day timeline to an average of 6.59 million.

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Current records show that the company has 116.90M in outstanding shares. The insiders’ percentage holdings are 10.08% of outstanding shares while the percentage share held by institutions stands at 4.50%. The stats also highlight that short interest as of May 27, 2021, stood at 0.78 million shares, which puts the short ratio at the time at 1.26. From this we can glean that short interest is 0.56% of company’s current outstanding shares. Notably, we see that shares short in May fall slightly given the previous month’s figure stood at 1.64 million. But the -41.46% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.